<Anchor> This is a
friendly economic time. Reporter Kim Hye-min is also here today (27th). The tax reform bill came out yesterday. There are a lot of changes to the tax law. By the way, do we have any useful information in general real life?
<Reporter>
That's right. The amendment to the tax law was announced yesterday, and there are parts that can save taxes or expand benefits, so I will explain only these.
First, we will temporarily expand the donation tax credit. Currently, 15% of donations are tax deductible. If the amount exceeds KRW 10 million, the tax deduction rate rises to 30%.
The government has decided to raise this donation deduction rate by the end of this year. Up to 20% for less than 10 million won and up to 35% for more than 10 million won.
If you donate 20 million won, up to 10 million won is calculated as 20% and 2 million won, and for the remaining 20 million won, 35% is deducted to receive 3.5 million won. So, the total benefit is 5.5 million won.
The government explained that it is a policy to resolve the polarization that has worsened since the COVID-19 crisis.
<Anchor>
Reporter Kim, there is one more policy to resolve polarization.
<Reporter> There
is a system called the 'good lessor system', and in some cases, the lessor lowered the rent to the less successful lessee.
At this time, 70% of the reduced amount was tax deductible. However, it has been pointed out that there are some blind spots.
If a small business was forced to close despite the remaining period of the lease, the lessor did not receive this tax benefit even if the rent was reduced.
However, from now on, even if the rent is reduced in a situation where the business is closed after January 1 of this year, income deduction will be provided.
In addition, there was a requirement that the commercial building must be leased before January 31 of last year, but this has also been extended to June 30 of this year.
It was only applied to cases where a rental contract was signed before the corona crisis, but it has been extended to the self-employed who opened their business after the corona crisis.
In addition, the deadline for applying the good landlord tax credit, which was until the end of this year, has been extended by six months until the end of June next year.
<Anchor>
Are you saying that the standard for working scholarships is also going up?
<Reporter>
That's right. As prices rise, the government's benefits must also rise along with the income standard. The working subsidy is a policy that provides subsidies to these households who are working hard but have low income and have a hard time living.
You can apply twice a year, and the income standard to receive benefits was 20 million won per year for single-person households and 30 million won for single-income households. Dual-income households cost 36 million won.
Each of these amounts will increase by 2 million won. For example, a dual-income family earning 38 million won can now apply for a work incentive.
In addition, the period in which the amount of subsidy decreases as income increases, which is called the 'decrease period'.
A single-person household with a gross income of 17.8 million per year received about 300,000 won this year, but may receive more than 500,000 won next year.
<Anchor> That's
right. Now, finally, there is now a rule that compulsorily collects in virtual currency if the tax is not paid in the future.
<Reporter>
In the meantime, it was possible to seize the virtual currency of delinquents. However, I have been using the indirect method of judging the virtual currency as a bond, seizing it and then selling it, so it was not possible to seize the virtual currency when it was stored in a personal PC or USB 'e-wallet'.
However, starting next year, tax authorities can directly require tax delinquents and exchanges to transfer cryptocurrencies. In addition, there is an obligation between the delinquent and the exchange to cooperate.
If you do not comply with the tax authorities' demands, the authorities can search and seize the property just like any other asset and sell it directly on the exchange for cash.
Also, in this amendment to the tax law, there was a content that you do not have to pay tax if you earn income by investing in domestic stocks through ISA.